NAB CEO Andrew Thorburn and chair Ken Henry resign in the wake of banking royal commission

Ken Henry says he and outgoing NAB CEO Andrew Thorburn are “deeply sorry”, after both men announced their departures from the bank in the wake of criticism from royal commissioner Kenneth Hayne.

Mr Thorburn will leave at the end of the month, while Dr Henry will stay on in his role of chairman until a new, permanent chief executive is appointed.

In the banking royal commission’s final report released on Monday, Mr Hayne said he had doubts that NAB had learned from its past mistakes, and criticised Mr Thorburn’s characterisation of the fees-for-no-service scandal as “nothing more than carelessness”.